Massachusetts

Former longtime Citigroup banker Mike Heffernan will oversee the Massachusetts Department of Revenue, commonwealth officials announced.

Connecticut, home to the two tribal casinos that launched a gambling boom in the northeast, may become a victim of that boom as gambling behemoth MGM builds a casino just across the state line in Massachusetts.

The Massachusetts Bay Transportation Authority intends to hand its oversight board a $2 billion budget that trims its structural deficit from $242 million to $80 million.

Organizers of a muni conference that features academics, market practitioners, public officials and regulations are rebranding the event and moving it from Boston to Washington.

The Schaghticoke Tribal Nation filed a lawsuit against Connecticut, asserting a casino law is unconstitutional.

Boston intends to come to market this week with a roughly $140 million sale of Series 2016A new-money GO bonds and an $8.1 million refunding.

Massachusetts intends to come to market with a $1.1 billion general obligation offering, the second-largest this week.

The MBTA, which operates the Greater Boston mass-transit system, expects to cut its projected fiscal 2017 operating deficit by 43%, to $138 million.

The Massachusetts Bay Transportation Authority paid out an estimated $236 million in net swap interest the past 15 years, said a Pioneer Institute report.

Issuers in the Northeast sold $102.9 billion of municipal bonds in 2015, almost 9% above the previous year's volume.